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Local experts discuss 2014 economic outlook

Update: January, 17/2014 - 08:07
The Noi Bai-Lao Cai Highway, part of bidding package A1. The International Monetary Fund predicted that more foreign direct investment would be poured into the Southeast Asian market this year. — VNA/VNS Photo Huy Hung

HA NOI (VNS)— Experts at a workshop in Ha Noi yesterday reviewed 2013's economic performance and forecast trends for 2014.

The participants also evaluated existing policies to stabilise macroeconomics, curb inflation and ensure social welfare, while examining emerging matters in implementing the 2014 socio-economic development goals.

They discussed strategic breakthroughs in the context of limited resources and presented drastic measures to accelerate institution building, resume growth and create stronger momentum for building infrastructure. Policies on training and the effective utilisation of high-quality human resources, as well as the utilisation of resources for economic restructuring, were also tabled.

Deputy head of the Party Central Committee's Economic Comission Bui Van Thach said in 2014 the global economy will likely witness higher growth than in 2013.

The International Monetary Fund has forecast the global GDP will reach 3.5-3.6 per cent this year, higher than last year's figure of 2.9 per cent, thanks to relatively high economic growth in top economies such as China and the United States and the recovery of the Eurozone nations.

In addition, the Asia-Pacific region continues to be dynamic, while more foreign direct investment will be poured into the Southeast Asian market.

The event was co-organised by the Party Central Committee's Economic Commission, the National Assembly's Economic Committee, and the National Economics University. — VNS


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